Inspiration Mining Corporation
TSX : ISM
FRANKFURT : OI8

Inspiration Mining Corporation

November 14, 2008 11:28 ET

Inspiration Corporate Update

TORONTO, ONTARIO--(Marketwire - Nov. 14, 2008) - Inspiration Mining Corporation (the "Corporation") (TSX:ISM)(FRANKFURT:OI8) is pleased with their continued success of the diamond drilling program on its Langmuir Project, located in Langmuir Township south of Timmins, Ontario. The Langmuir Property consists of 69 unpatented contiguous mining claim units covering approximately 1090 hectares in the north-central portion of Langmuir Township, Porcupine Mining Division, and District of Cochrane, Ontario. The property is approximately 25 km southeast of Timmins, Ontario, and hosts the past producing Langmuir No.1 Mine, and majority of the past producing Langmuir No. 2 Mine.

Inspiration is continuing with the drilling at the Langmuir Project - North Zone with the total number of drill holes and footages to the end of the 4th quarter (September 30, 2008) are summarized below:



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Year Holes Total (m) From To
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2005 22 3740.85 LN05-1 LN05-22
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2006 41 4,752.81 LN06-23 LN06-63
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2007 38 5,838.79 LN07-64 LN07-101
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2008 22 6,726.80 LN08-102 LN08-123
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618.36 Extension Holes
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2008 15 4,074.47 LN08-124 LN08-138
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413.47 Extension Holes
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Totals 138 26,165.55
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Several of the early 2006 and 2007 drill holes have been extended resulting in an expanded zone of nickel mineralization. The company is continuing the diamond drill program between 100 metres to 200 metres vertically below surface.

Inspiration completed the diamond drilling at the Langmuir No.1 Mine area and the total number of drill holes and footages to the end of the 4th quarter (September 30, 2008) are summarized below:



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Year Holes Total (m) From To
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2005 6 1,052.64 L105-1 L105-6
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2006 12 2,827.34 L106-7 L106-18
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2007 83 22,353.73 L107-19 L107-101
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2008 22 7,336.12 L108-102 L108-123
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Totals 123 33,569.83
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The total metal content value of the nickel bearing mineralization for the Langmuir Property is currently being evaluated. Inspiration has sent 9,982 pulps (4,249 samples from Langmuir No. 1 and 5,733 samples from Langmuir No. 2 - North Zone) for re-assaying of nickel (Ni), copper (Cu), gold (Au), platinum (Pt), palladium (Pd) and specific gravity at Activation Laboratories Ltd. of Ancaster, Ontario.

Micon International Ltd. of Toronto, Ontario has been engaged to complete a 43-101 compliant Resource Estimate Report for both the Langmuir No. 1 Mine and Langmuir No. 2 - North Zone and will utilize the current diamond drilling results and the results of the re-assaying.

SGS Mineral Services of Lakefield, Ontario is currently working on the metallurgical analysis of the nickel mineralization zones encountered at the Langmuir No. 2 - North Zone.

Inspiration Mining Corp. has conducted an aggressive exploration program on their Langmuir Property since 2005 and has completed line cutting, ground geophysical surveys consisting of total field and vertical gradient magnetic and electromagnetic surveys, soil geochemical survey and extensive diamond drilling programs, which are summarized below by area of interest:



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Area Holes Total (m)
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Langmuir No.1 Mine area 123 33,569.83
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Langmuir No. 2 - North Zone 138 26,165.55
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Exploration - Allerston Grid 16 5,212.15
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Exploration - Central Grid 11 3,878.57
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Exploration - Lang 1 Grid 21 7,433.80
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Exploration - North Grid 1 211.90
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Exploration - South Zone 3 1,518.37
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Totals 313 77,990.17
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During July 2008, Geotech Ltd. of Aurora, Ontario completed an airborne electromagnetic VTEM and magnetic surveys, which covered of the Langmuir, Cleaver and Douglas properties. The final survey results and report are expected imminently.

The current exploration program is ongoing, and the Company is confident that we will produce more encouraging results.

The Qualified Person in charge of the Langmuir Project and the person who prepared the technical data in this release is Kian Jensen, B.Sc., P.Geo. (On), who is an arm's length party retained by the Company to carry out its exploration program on the Langmuir Project.

The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Inspiration Mining Corporation
    Randy Miller
    President of the Company
    (905) 853-7400
    Website: www.inspirationmining.com
    or
    For Investor Relations call:
    Gale Capital Corporation
    (604) 221-7604
    (604) 221-7606 (FAX)
    Email: galecapital@shaw.ca